Reuters UK Business

By Aby Jose Koilparambil (Reuters) – British luxury carmaker Aston Martin unnerved investors on Tuesday by leaving out a sales volume target as it stuck to its medium-term financial goals. Shares in the London-listed firm fell 4.3% to 346 pence by 0750 GMT. “The dropping of an important figure such as a sales target is …

Aston Martin’s shares skid after it drops sales volume target Read More »

(Reuters) -Illumina Inc has commenced job cuts, the genetic sequencing equipment maker said on Monday, as it looks to cushion the impact of sticky inflation and a strong dollar on its business. The company also intends to further cut workforce in the third quarter and exit its office in California as part of a plan …

Illumina starts job cuts, exit office space to rein in costs Read More »

AMSTERDAM (Reuters) – Dutch computer chip equipment maker ASML may refuse job applicants on the basis of their nationality when required to do so by U.S. export rules, a Dutch human rights body has found. The decision by the Netherlands’ Institute for Human Rights affirmed that ASML may reject job applicants from Iran, Syria, Cuba …

Dutch human rights body: ASML may follow US export rules when hiring Read More »

By Elizabeth Howcroft LONDON (Reuters) – BlackRock’s plans for a bitcoin fund have helped push the world’s largest cryptocurrency to its highest in a year, but rising interest rates and a regulatory crackdown could choke off the rally, analysts and industry insiders say. Bitcoin jumped more than 15% last week, rising above $30,000 for the …

Analysis-Fever over BlackRock’s bitcoin fund faces chill of rate hikes and regulations Read More »

By Hannah Lang (Reuters) – Certain banks working with FTX founder Sam Bankman-Fried’s trading firm Alameda Research raised questions about the firm’s wire activity as early as 2020, according to a report released by FTX on Monday. Some banks began rejecting wires to or from Alameda the same year that the cryptocurrency exchange scrambled to …

Banks raised questions in 2020 about FTX-affiliated hedge fund’s wire activity, FTX says Read More »

By Mimosa Spencer PARIS (Reuters) – Gucci owner Kering said on Monday it had struck a deal to buy high-end French fragrance label Creed, its first acquisition since flagging intentions earlier this year to create an in-house cosmetics business. “The acquisition clearly marks a major step for Kering Beaute, allowing it to reach critical mass …

Kering snaps up fragrance label Creed for new beauty division Read More »

(Reuters) -Odey Asset Management has suspended its flagship hedge fund after it was hit with redemption requests following the removal of founder Crispin Odey, Bloomberg News reported on Monday. The company received withdrawal requests that amounted to over 19% of the Odey European Inc hedge fund for its next dealing day on July 3, the …

Odey suspends flagship hedge fund after redemption pressure – Bloomberg News Read More »

(Reuters) -Aston Martin Lagonda has forecast it would hit targets of 500 million pounds ($635.85 million) in adjusted profit and 2 billon pounds in revenue by 2024-2025, the Financial Times reported on Monday. The luxury carmaker, which had the capacity to sell 10,000-15,000 models a year, will likely sell “maybe 17 (thousand) at its peak …

Aston Martin aims to hit adjusted profit, revenue targets by 2024-25, says FT Read More »